IGM Financial Inc reports results for the quarter ended in September 30 - Earnings Summary

Igm Financial

08/11/2024 02:19

* IGM Financial Inc  IGM.TO  reported quarterly adjusted
earnings
of C$1.03​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 88 cents.  The mean expectation of six analysts for the
quarter was for earnings of 99 cents per share. Wall Street
expected results to range from 95 cents to C$1.03 per share.
    * Revenue rose 10.7% to C$853.15 million from a year ago;
analysts
expected C$835.00 million. 
    * IGM Financial Inc's reported EPS for the quarter was
C$1.01​.
    * The company reported quarterly net income of C$239.18
million.
    * IGM Financial Inc shares had risen by 5.7% this
quarter and
gained 22.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1% in
the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the investment
management & fund operators peer group is  "hold."

Wall Street's median 12-month price target for IGM Financial Inc
is C$46.50 
This summary was machine generated from LSEG data November 8 at
02:19 a.m. UTC. ​All figures in Canadian dollars unless
otherwise stated. (For questions concerning the data in this
report, contact Estimates.Support@lseg.com. For any other
questions or feedback, contact
RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.99           1.03           Beat
 Jun. 30 2024      0.94           0.93           Missed
 Mar. 31 2024      0.88           0.94           Beat
 Dec. 31 2023      0.87           0.84           Missed